The value of an 1893 coin depends on several factors, including the type of coin, its mint mark, and its condition (grade).
- Value Range: The Greysheet Catalog indicates that 1893 Morgan Dollars (1878–1921) have a value range between $195 and $2,664,000.
- Mint Marks: Morgan dollars were minted at Philadelphia (no mint mark), New Orleans (“O” mint mark), San Francisco (“S” mint mark), and Carson City (“CC” mint mark). The mint mark is found on the reverse below the eagle’s tail feathers and the wreath surrounding it.
- Rarity: The 1893-S Morgan dollar is considered a key date in the series due to its low mintage of 100,000 coins and the fact that most of them were circulated . Examples in both circulated and mint state are highly valuable.
- Value by Mint Mark and Condition:
– Philadelphia (no mint mark): [The NGC Price Guide] reports values between $200 and $40,000, depending on condition. Prices vary based on grade, for example, an MS-64 is worth $3,595, while an MS-65+ PCGS CAC is worth $18,495.
– 1893-CC Morgan dollar: [According to the NGC Price Guide] (as of August 2025), a circulated coin is worth $220 to $3,975, while an uncirculated coin can reach $142,500. A PCGS graded MS64 1893-CC Morgan Dollar is priced around $18,750.
– 1893-O Morgan dollar: [The NGC Price Guide] indicates circulated values between $200 and $3,900, with uncirculated specimens fetching up to $320,000.
– 1893-S Morgan dollar: [The NGC Price Guide] lists values from $3,000 to $90,000 for circulated coins and up to $1,250,000 for uncirculated coins. The 1893-S Morgan dollar is a highly sought-after coin due to its rarity and has been a target for counterfeiting. A PCGS graded MS-67 coin sold for $2,086,875 in 2021. Even in poor condition, it can retail for $2,400.
- Value Range: According to JM Bullion, the value of an 1893 Indian Head Penny ranges from $3 in Good condition to $30 in Uncirculated condition.
- Mintage: 46,642,195 business strike pennies were made in 1893.
- Proof Coins: Proof specimens are rarer, with only 2,195 pieces minted, and retail for $1,250.
- 1893 Liberty Head Double Eagle ($20 Gold Coin): [The NGC Price Guide] estimates circulated values between $3,400 and $3,525, with uncirculated specimens potentially reaching $65,000.
- 1893 Columbian Half Dollar: These commemorative coins were sold for a dollar at the World’s Columbian Exposition. Many did not sell and were melted or entered circulation. Proofs, about 100, were also struck.
- 1893 Isabella Quarter: The first US coin depicting a real woman. These quarters were also sold for a dollar, and many did not sell. Some proofs were struck.
In summary, the value of an 1893 coin varies significantly depending on the coin type, mint mark, and condition. The 1893-S Morgan dollar is particularly valuable due to its rarity and is a target for counterfeiting. To determine the specific value of your 1893 coin, it’s recommended to consult a reputable coin dealer or consider getting it graded by a professional service like PCGS or NGC.
What is the price of 1893 coin?
Value of British India Quarter Anna 1893 Victoria Copper Coin. At RN Coins the value of the British India Quarter Anna 1893 Victoria Copper Coin is ₹399 and after getting a discount you will get this coin at ₹299.